An API Key is a bridge between you and the exchange. Crocobot use this bridge to place orders for your strategies. This code is unique and identify your account on the exchange platform.
We have encrypted safely your API Key to prevent malicious use.
The workflow below show how we use the API Key.
API Key usage is limited on Binance, so limits will be the same on Crocobot.
Create a new API Key per service you want to connect, so you will be able to remove authorization easily. You don't need to save your API Key in a password manager, you juste have to generate a new one.